I let someone else ck on Options strategies.
But let me add a suggestion, buy 3 to 5 Year CDs that are Guaranteed by FDIC. you should be able to get them in high 3 to high 4% interest. When the drop comes, you will get about 4-5% extra interest percent on the principal, thus you will get 6 to 9% on your original principal in about one year, on all guaranteed, capital.
How do i know it works, i have done this before.
Most recently i bought over 5% CD's in Sept, right now they have appreciated in principal to over 4% higher, so in less than 1/2 year, these are up over 6% to nearly 7%. The Drop brings Up value in Principal.
This too is a reasonable place for new money.
Obviously, do not put all your eggs in one basket. |
